 Home > Chemicals Industry > New Chemical Materials > Market demand side performance is not good, Shanghai aluminum trend is weak

Market demand side performance is not good, Shanghai aluminum trend is weak

 Last Update: 2022-12-25
 Source: Internet
 Author: User

Tags

iridium spot price

oil trading price

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai aluminum main month 2206 contract, opening 20870 yuan / ton, the highest intraday 20920 yuan / ton, the lowest 20455 yuan / ton, settlement 20880 yuan / ton, the end closed at 20465 yuan / ton, down 415 yuan, down 1.
99%.

Shanghai aluminum

Today, Lun aluminum fluctuated downward, and the LME reported at $2934 / ton at 15:01 Beijing time for three months, down $21, or 0.
73%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 20590-20630 yuan / ton, down 230 yuan, with a discount of 30-10 liters; Guangdong spot 20580-20640 yuan / ton, down 210 yuan, discount 40-liter 20; Hua reported 20640-20680 yuan / ton, down 230 yuan
.
Holders continued to adjust prices to stimulate shipments, receivers were not willing to bear and replenish goods, the overall trading was cold, and the actual transaction was weak
.

On the macro front, the executive meeting of the State Council deployed a package of measures to stabilize the economy, involving 33 measures in 6 aspects, and economic support for domestic policies has become increasingly strong
.
The renminbi recovered sharply against the dollar, while the dollar index fell
sharply.
Markets are more worried about the outlook for the U.
S
.
economy due to the Fed's aggressive interest rate hike policy.

Today's Shanghai aluminum trend is weak, domestic favorable policies are difficult to have an immediate effect, and production is still expected to continue to rise, coupled with the weak atmosphere of industrial products, poor performance on the demand side, aluminum prices short-term correction to close down
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.